$PYTH Strong Breakout ... But Resistance Is Right Here
PYTH has pushed strongly from around $0.0454 and is now trading near $0.0553, but price is entering an important resistance area.
Main resistance: $0.0555–$0.0570
This zone can decide the next move.
If PYTH gets a clear rejection here, I’ll start watching for a short-term pullback because the move is already extended.
Possible downside levels on rejection:
$0.0537 → $0.0515 → $0.0493
But if bulls break and hold above $0.0570, I would avoid forcing shorts because that would confirm stronger continuation.
For now, the breakout is strong, but resistance is very close.
Watch the reaction carefully. Rejection can create the short setup, while a clean breakout keeps bulls in control.
Long $PYTH
PYTH has pushed strongly from around $0.0454 and is now trading near $0.0553, but price is entering an important resistance area.
Main resistance: $0.0555–$0.0570
This zone can decide the next move.
If PYTH gets a clear rejection here, I’ll start watching for a short-term pullback because the move is already extended.
Possible downside levels on rejection:
$0.0537 → $0.0515 → $0.0493
But if bulls break and hold above $0.0570, I would avoid forcing shorts because that would confirm stronger continuation.
For now, the breakout is strong, but resistance is very close.
Watch the reaction carefully. Rejection can create the short setup, while a clean breakout keeps bulls in control.
Long $PYTH
